Core Viewpoint - The recent criminal measures taken against two senior executives of Ruiskanda (603803.SH) highlight the escalating accountability in the aftermath of the "special network communication" fraud case, which has severely impacted the company's financial health and market perception [1][6][7]. Company Overview - Ruiskanda is a provider of optical network products and system solutions, with operations in various fields including all-optical networks, switching routing, cloud network security integration, wireless communication, and edge computing [9]. Legal and Regulatory Actions - On July 7, 2025, Ruiskanda announced that its chairman and general manager, Li Yuejie, and director Zhu Chuncheng were taken into criminal custody for suspected violations related to the disclosure of important information, linked to a prior administrative penalty from the China Securities Regulatory Commission (CSRC) in September 2023 [1][2][6]. - The CSRC's 2023 administrative penalty revealed that Ruiskanda had inflated its revenue by over 630 million yuan and profits by over 110 million yuan from 2019 to 2020 through false self-circulation transactions [6][7]. Financial Performance - The company's financial performance has deteriorated significantly, with cumulative losses reaching 1.054 billion yuan from 2021 to 2024. Revenue figures for these years were 1.853 billion yuan, 2.156 billion yuan, 1.626 billion yuan, and 1.382 billion yuan, indicating a declining trend [10][11]. - In Q1 2025, Ruiskanda reported a revenue of 250 million yuan, a year-on-year decline of 34.89%, and a net profit loss of 19 million yuan, marking a staggering year-on-year drop of 195.18% [10]. Market Reaction - Following the announcement of the criminal measures against the executives, Ruiskanda's stock price plummeted, hitting the daily limit down on July 8, 2025, closing at 8.6 yuan per share. This represented a significant market reaction, with a net outflow of 38.65 million yuan in a single day, the highest for the year [11][12]. - Notably, the stock had previously surged over 300% from March to December 2024, despite the underlying financial struggles [11]. Executive Compensation - Despite the ongoing financial decline, the compensation for the implicated executives remained high, with each receiving approximately 1.25 million yuan annually from 2021 to 2024, totaling around 10 million yuan over four years [11].

Core Viewpoint - The article discusses the recent developments surrounding the company 瑞斯康达, which is embroiled in a significant scandal known as the "largest fraud in A-shares history," linked to the "专网通信案" that has affected multiple listed companies and involved over 90 billion yuan [2][12][15]. Group 1: Incident Overview - On July 7, 瑞斯康达 announced that its chairman and general manager, 李月杰, and board member 朱春城, were subjected to criminal coercive measures due to allegations of violating disclosure regulations [4][11]. - Following the announcement, 瑞斯康达's stock price plummeted to a "limit down," with a market value reduction to 3.654 billion yuan [4][8]. - The criminal actions are linked to the same issues that led to administrative penalties from the China Securities Regulatory Commission (CSRC) in September 2023 [11][12]. Group 2: Company Background - 瑞斯康达, established in 1999, operates in the telecommunications sector, providing infrastructure construction and digital transformation solutions [9]. - The company’s product offerings include various communication devices and solutions, such as OTN equipment, 4G/5G base stations, and smart home gateways [9]. Group 3: Financial Performance - The company has faced declining performance, with a reported revenue of 1.382 billion yuan for 2024, a year-on-year decrease of 14.99%, and a net loss of 122 million yuan [9]. - In Q1 2025, 瑞斯康达's revenue further declined to 250 million yuan, down 34.89% year-on-year, with another net loss of 19 million yuan [9]. Group 4: Fraud Case Details - The "专网通信案" involved fictitious business operations leading to financial fraud, impacting numerous companies and resulting in significant financial losses [12][15]. - 瑞斯康达 was found to have inflated its revenue by over 630 million yuan and profits by over 110 million yuan from 2019 to 2020 due to its involvement in this fraudulent scheme [12][15]. - The case has been described as a major scandal in the A-share market, with total losses exceeding 90 billion yuan across affected companies [15][16].

2025.07. 07 本文字数：1865，阅读时长大约3分钟 7月7日晚，瑞斯康达(603803)公告，7月5日，公司收到相关人员家属通知， 因涉嫌违规披露、不 披露重要信息罪， 根据《中华人民共和国刑事诉讼法》第八十二条的规定，北京市公安局朝阳分局 决定 对公司董事长兼总经理李月杰和董事朱春城采取刑事强制措施，其中朱春城已被取保候审。 经 与有关部门了解，上述涉嫌违规披露、不披露重要信息事项与2023年9月中国证监会对公司做出的 行政处罚系同一事项。 为保证公司经营管理工作的正常开展，在李月杰无法履职期间，特指定公司董事兼副总经理韩猛代行 董事长及总经理职责。 公开资料显示，李月杰和朱春城均是瑞斯康达科技发展股份有限公司（以下简称"瑞斯康达"）的创 始人，公司于1999年6月8日在北京工商行政管理局登记注册，总部位于北京市。 公司属通讯设备制造和软件开发行业。主要经营活动为通讯设备的研发、生产和销售。产品主要有： 传输类设备、宽带网络类设备、软件产品以及其他设备；提供的劳务主要有：技术服务和维护服务。 截至2024年末，李月杰持股38693251股， 年薪124.89万元 ， 朱春城持股数量、年薪与李月杰 ...

华夏时报（www.chinatimes.net.cn）记者 赵奕 上海报道 "专网通信"案的"后遗症"仍在延续。 近日，ST宏达（宏达新材，002211.SZ）发布公告称，因有待执行款项未能如期支付，导致公司因相关 纠纷被相关法院列为失信被执行人。此外，该公司业绩连续多年亏损，盈利能力堪忧的问题逐渐凸显。 针对本次被列为失信被执行人及公司经营规划等问题，《华夏时报》记者致函宏达新材，但截至发稿， 并未收到回复。 被列为失信被执行人 根据过往公告，2023年6月，宏达新材收到上海市徐汇区人民法院送达的《到期债务履行通知书》。上 海澳银投资管理有限公司（下称"澳银投资"）与上海鸿孜企业发展有限公司（下称"上海鸿孜"）合同纠 纷一案中，澳银投资对公司申请代位追偿，要求其向上海市徐汇区人民法院履行对上海鸿孜4221.76万 元到期债务。 今年3月，宏达新材收到上海市黄浦区人民法院送达的《执行通知书》，责令公司给付申请执行人上海 澳银848.5万元；执行费6.98万元。同时收到《执行裁定书》裁定冻结、划拨被执行人宏达新材银行存款 855万元及迟延履行期间的加倍债务利息，或者提取其相应金额的收入。上述钱款不足部分，查封、 ...